Disbursement

Disbursement

Awards and Your Student Bill

Once you have registered, you will receive a bill for tuition, fees, and housing (if living on-campus) from Student Accounts and University Receivables. Most of your financial aid will simply reduce the amount of your bill that you, yourself, will have to pay. Note these exceptions:

For Federal Direct Loans, you should deduct loan fees from the awarded amount to get the actual amount of money you will receive. Refer to the Loans section of this site for information about loan fees.

Work-Study payments and assistantship payments are earned and are provided in the form of bi-weekly or monthly pay checks. Therefore, your Work-Study or assistantship award should not be included when you’re calculating the amount of aid that will automatically apply toward paying your bill.

Because outside/private scholarships are self-reported and come from private sources, do not include these awards when calculating the aid available to pay your bill. If the funds are sent by your outside award provider after the semester begins, they will be refunded to you if you do not owe a balance at that time.

To calculate the amount you will owe:

. .Student Accounts and University Receivables (cashier’s) Bill

- Grants and Scholarships Awarded (do not include your own outside/private scholarships)

- Net Loans* (that is, do not include loan fees*)

. .Amount You Will Need to Pay

* To determine the amount of your loan fees, navigate to the Loans section of this site. Typically, for a student loan, these will not be more than 1% of the loan amount.

If the above “Amount You Will Need to Pay” is a negative number (that is, if your financial aid exceeds your total Student Accounts and University Receivables (cashier’s) bill), you will receive a refund of this difference. REFUNDS WILL NOT BE RELEASED UNTIL AFTER SCHOOL BEGINS EACH TERM.

Direct Deposit allows Student Accounts and University Receivables to electronically deposit your financial aid refund to your personal checking or savings account. It is the fastest method to make your refund available to you. The Student Accounts and University Receivables Office (UNC cashier) strongly encourages students expecting a refund use Direct Deposit. Follow these instructions to sign up for Direct Deposit.